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Affordable Care Act exchanges grow as insurer participation rises
Healthcare Finance News February 24, 2020
In total, 245 individual insurance carriers took part in federal and state exchanges during the 2019-2020 plan year, offering consumers more choice.
Even as the ultimate fate of the law remains uncertain, the Affordable Care Act has shown that its insurance marketplace is still going strong. Insurer participation in the ACA rose in 2019 following three straight years of decline, finds a new analysis by McKinsey and Company.
In total, 245 individual insurance carriers took part in federal and state exchanges during the 2019-2020 plan year. In 2018-2019 that number was only 218; and in 2017-2018 it was lower still, at 194.
What this means is that consumers are being offered more choice, as the number of counties with just...
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